Use the following informotion to prepore the September cash budget for PTo Compary, Ignore the 'Loan activity' section of the budget. a. Beginning cash balance, September 1,$40,000 b. Budgeted cash recelpts from September sales, $259,000. c. Direct materials are purchosed on credit. Purchose amounts are August (octual), $77,000, and September (budgetedi, $106.000. Poyments for direct materials follow: 60% in the month of purchase and 40% in the first month after purchose. d. Budgeted cash payments for difect labor in September, $37,000. e. Budgeted depreclation expense for September, $3,700. f. Budgeted cash payment for dividends in September, $57,000. 9. Budgeted cash payment for income toxes in September, $10,600. h. Budgeted cash payment for loan interest in September, $1,500